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October 6, 1999

BMC Software, JDA Software Warn of Light Quarters

By CBR Staff Writer

Systems management company BMC Software Inc said that it expects to post net income for the second quarter ended September 30 of $101m to $106m and earnings per share in the range of $0.40 to $0.42, excluding amortization costs. Analysts surveyed by First Call were looking for slightly higher earnings of $0.43. Revenues should come in at between $410m and $415m, with North American license revenues up over 50%. International license revenues, however, will be up only in the low to mid-teens on a percentage basis.

The Houston, Texas-based company said second-quarter earnings were impacted by delays in closing large license transactions, primarily in Europe. BMC added, however, that it was comfortable with analysts’ estimates for the December quarter, which currently call for EPS of $0.54. In the second quarter, BMC reported revenues of $293.9m and net income of $84.9m, or $0.34. The company will release complete financial results for the quarter on October 25.

Meanwhile, JDA Software Group Inc, a provider of retail sales software and services, warned Wednesday that revenue and earnings for the third quarter ending September 30 will be below analysts’ expectations. Based on current information, JDA said it expects to report software license revenues of $8.5m to $8.7m and total revenues of roughly $35m. As a result of the revenue shortfall, earnings are expected to be in the range of $0.00 to $0.01 per share. Analysts surveyed by First Call were expecting earnings of $0.03.

In the year-ago quarter, the Scottsdale, Arizona-based company reported software license revenues of $12.4m and total revenues of $38.9m. Earnings were $0.15 per share. JDA attributed the shortfall in software license revenue to several significant North American sales that we expected to close during the quarter that didn’t. It said that uncertainty about Y2K has resulted in a lack of urgency to license software, thereby extending its selling cycles.

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